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Author: James
Trading has a tendency to become more and more complicated over time, with the vast array of strategies and techniques available. However, there is growing interest in the idea that trading can be simple, with an increased focus on straightforward methods that are easy to understand and implement. Proponents of simple trading argue that many traders overcomplicate their strategies, leading to confusion and poor decision-making. Instead, they suggest that traders should focus on a few key indicators (or even choose none at all) and use a more disciplined approach. By keeping things simple, traders can reduce the risk of emotional…
Most people know how to lose weight, so how can it be so difficult? We all know that if we eat a healthier diet, consume smaller portions, drink less alcohol, exercise more and reduced stress, we will lose weight. So how can it be so difficult to implement these changes over the long-term? Mindset. It’s the same with trading. Most traders know what to do, so how can it be so difficult to be profitable? We all know that we need to find an trading edge, develop a trading strategy, formulate a trading plan which gives us a positive expectancy…
Developing a positive trading mindset is a vitally important part of becoming a successful trader. It can often be ignored, especially by new traders, who don’t know where to start with this “fluffy” part of the trading jigsaw. The affirmation or mantra is a simple and positive tool you can use to help develop a great trading mindset and it doesn’t require any complicated knowledge or a lot of time. Now, if you you are getting a bit of a reaction to the words “affirmation” or “mantra” just stick with me. An affirmation or mantra is just something you say…